Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.
When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..
Its very hard to predict what will be next move of the market. At that time of reduction by 15%, a lot of people might start seeing it as an opportunity to start buying and you might just sell and miss that opportunity. But if you cant have such patience, you can still withdraw and monitor the market to see when it will start to rise again and when it does, you can invest back your money.